Buying support for DNotes remained very strong. What a difference a week makes. I remember just a couple of weeks ago I felt quite frustrated, on a number of occasions, watching DNotes being sold below 4000 sat. despite good press coverage and new projects launched.  Historically, DNotes has consistently been creating higher highs and higher lows. When a good opportunity is missed, it gone and not likely to come back. Over the long term DNotes has significant potential for further appreciation, based on its strategic growth path. 6,000 sat seems to be the current line of resistance. We have never seen such strong support before. The odds are that it will break that and make 6,250 to 6,750 the new trading range. Of course, that is just my personal opinion.

It is an excellent idea, RJF. I am glad you have it well defined and now on record. It can certainly be a future charity project. At this point, our plate is full. We will be best served focusing on what we have on hand and other projects we have committed to for the balance of 2015. Following the launch of CRISP For Students we will be rolling CRISP For Employee Incentive Benefits scheduled to be launched during the week of May 18, 2015. The last one, CRISP For Charities, will follow sometime in late June or July, 2015.

Those are excellent suggestions. You just got ahead of my post which answered some of your comments.
We like K through 8 to sign up using CRISP for Kids through CryptoMoms. We plan to start an awareness campaign for CryptoMoms soon. I strongly encourage our lady stakeholders to message me if they like to help out CryptoMoms. We have a lot going on. Community support and participation is becoming increasingly important.

Thanks, TeeGee.  Excellent post. I strongly encourage our student shakeholders to participate and help out in any way possible. Others who have family members or friends who are students may want help introduce this program to those students. Although our initial targets are university and college students, all students are welcome to sign up for this program. As always, we roll out our projects in controlled small scale so that they can be fine tuned and improved before we launch a major campaign. Your participation, comments, and suggestions are invaluable and well appreciated. Thank you.

Interesting indeed but USD may not be such a good safe haven. An increase in US interest rate could have serious ramifications

There are reasons for concern and here is why a diversified investment portfolio should include 10% high risk investment with high potential returns. There are no assurances that Bitcoin or any other cryptocurrency is the right choice for the high risk component but more professional investors are taking a serious look.

“It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!”

***********************

KITCHEN TABLE ECONOMICS


DECEMBER 5, 2014

Last week, the national debt surpassed $18 trillion. That’s $124,000 for each American household or $56,378 per individual. It took the country 205 years to accumulate its first trillion dollars of debt in 1981, but has only taken us 403 days to accumulate our most recent trillion. It’s hard to even think about numbers that big; if you were to count to a million it would take one week; if you wanted to count to a trillion it would take 31 thousand years.

Like with our personal debt, there may actually be some advantages to taking on debt. The flatscreen TV and Christmas presents we purchase with debt likely increase our standard of living and wellbeing. But this short term gain is often paid for with long term pain. And the currency of this pain is interest.

Interest is the price of debt. So, when we buy a TV on a payment plan, we are actually buying two things: the TV and the debt that goes with it. While a few extra dollars spent on interest each month may be worth it to see our favorite football players in HD, too much of our income spent interest can seriously reduce our quality of life because we must forgo other purchases to pay for it.

This is the point that the country has reached with its interest on the national debt.
Last year, the U.S. spent $430 billion on interest payments alone. This means that every year, tax payers are spending $3,500 just on interest payments. This is money that isn’t going to pay for roads, bridges, education, medical research or defense.

It gets scarier. National debt interest rates are historically low at the moment – around 2.5 percent.  When they rise, interest payments will rise exponentially thanks to the wonders of compounding rates. Say interest rates rise to 5 percent – still low by historical standards. That means we will owe nearly $1 trillion a year in interest alone. That’s about two-thirds of what the federal government brings in each year in total income tax revenue!

Fewer services and higher taxes – Uncle Sam’s spendthrift ways could end up hurting us all.

https://www.informationstation.org/kitchen_table_econ/the-u-s-is-now-18-trillion-in-debt/?utm_source=google&utm_medium=cpc&utm_campaign=googlegrants2015&gclid=CjwKEAiA68WnBRCJxZr5qoaL3iMSJAAXIrr3JOtLKeAkI9GcdiyIkgiyYdVc1KaZBvZd8MkiyVtjoBoCm3Hw_wcB

No, not to the extent of a published business plan VC (Venture Capital) typically expects to see. We only provide strategic directions and as a rule do not provide details until the project becomes a certainty or about to be launched. This was a very strict rule the first eight months and, in fact, has been somewhat relaxed to involve more community participation.

In our opinion publishing "impressive looking roadmap and timeline" is a major pitfall of our industry. We prefer to take a more conservative approach and focus on what we believe we can deliver over the near term with a high degree of certainty. This policy is central to our commitment in building trust and integrity.  

CRISP For Students will be launched on the week of March 30, 2015. TeeGee must have been busy the last few days. I will be posting further details if we don't hear from him by tomorrow. I am extremely busy this weekend.

CRISP for Employee Benefits will be rolled out the week of May 18, 2015. Marc has already been working on it. I still owe him an initial write up to define the project.

CRISP For Charities launch date has not been fixed. I know that CryptoBrooker has already put a lot of efforts into it. This will be the most demanding and time consuming project that requires a lot of ground work. Typically, the final decision of charity organizations are made by the Board of Directors, often a time consuming and frustrating process. However, we consider this as a very important part of CRISP, though it could take years to achieve a meaningful result, especially in providing some relief to the unbanked population worldwide. End of June/July 2015 should be good.

Breaking News:

CRISP For Students

CRISP For Students is now scheduled to be launched the week of March 30, 2015 supported with a full press release. We encourage everyone to support this program in any way possible. Students who are interested to take an active role to help promote this project should PM me or TeeGee, (Director of CRISP For Students).

We will be launching CRISP For Students in two phases. Phase one will be launched in a limited scale with a landing page on DNotesVault. The project will be fine tuned, expanded and perfected while we develop a dedicated web site. We anticipate this to be a massive worldwide project as we plan to grow our next generation of DNotes stakeholders and groom our future leaders.” Phase Two will be launched in the second half of 2016.

Stayed tuned for more details.

Great job. Lots of great ideas. Keep them coming.

DNotes has been getting very strong support all day, more than I anticipated. Even the trading volume has been quite impressive. It still has room for further appreciation but don't expect it to go to the moon. Slow and steady is our preference and any new ground gained must be sustainable. We have to work even harder to ensure that we continue to build solid fundamental values. The pressure is on as DNotes get discovered by new investors.

Thanks, qiwoman2. Looking forward to your blog post. CryptoMoms one year Birthday is on Thursday April 16, 2015. Would you like to help out with a PR campaign? If you are interested, come up with some ideas and contact me by email when you have a chance. Thanks.

This is a must read article. A real eye opener. Check it out.



HOW WESTERN UNION RIPS YOU OFF AND BITCOIN DOESN’T


The most recent release of the Bitcoin Core walletallows the user to define the transaction fee they are willing to pay. The amount that a user is willing to pay does, in the end, affect the speed of their transactions. However, users who pay no fee at all are not necessarily going to be prevented from having their transactions confirmed. Liken it to a standby flight, but for currency.

Read more:
https://www.cryptocoinsnews.com/western-union-rips-off-bitcoin-doesnt/

Breaking News:


CRISP For Students is now scheduled to be launched the week of March 30, 2015 supported with a full press release. We encourage everyone to support this program in any way possible. Students who are interested to take an active role to help promote this project should PM me or TeeGee, (Director of CRISP For Students).

We will be launching CRISP For Students in two phases. Phase one will be launched in a limited scale with a landing page on DNotesVault. The project will be fine tuned, expanded and perfected while we develop a dedicated web site. We anticipate this to be a massive worldwide project as we plan to grow our next generation of DNotes stakeholders and groom our future leaders.” Phase Two will be launched in the second half of 2016.

Stayed tuned for more details.

As posted on Feb. 17, 2015:


CRISP is The Engine of Growth for DNotes and the Vehicle to Mass Acceptance of Digital Currency


With the new roll out of CRISP for Retirement, following CRISP for Kids this current family of two will be expanded to a family of five by June this year. More could be added later. Each of them has a mission of its own and a primary marketing target. The synergistic effect of them all, leveraging on the strength of each other, will deliver a powerful punch; the network effect with ever gathering strength. That will be the engine of growth for DNotes and the vehicle to mass acceptance of Digital Currency.

CRISP For Kids will be the pride of parents and grandparents for years to come and will be the flagship of CryptoMoms. Now that CryptoMoms has established a good foundation, we will soon be ready to step up a PR campaign to encourage women’s participation in digital currency. Director – Chase.  Primary target = women

CRISP For Retirement will have a general appeal to anyone who wants to supplement their underfunded individual retirement savings account with DNotes for high potential returns. Beyond that, it is our “foot in the door” to reach out to small business owners with revenue of $1 to $50 million. Our mission is to promote ownership of DNotes among small business owners who will be the drivers of mass merchant adoption of DNotes as a medium of exchange. Many winning strategies are being incorporated as part of our overall strategic plan.  Director – RJF. Primary target = small business owners.

CRISP For Students will initially focus on university and college students. It could rapidly spread to include younger students. Our mission is to grow the next generation of DNotes stakeholders and be a real solution to student loan crises. A dedicated website serving a wide variety of students needs is likely. This will include an online market place for students worldwide as well as special education projects and scholarship funds. Director – TeeGee. Primary target – students.

Stay tuned for more ……

It has been a stressful day and I am glad that we have been able to clear up a few things. Hopefully we all learned a little from it.  Sorry that Bitcoin has to go through that kind of losses. It is certainly a lesson learned for all of us. Together we will recover. I must add that we never doubted infovortice2013. His “English may be dangerous” to quote him, but he is a good man. I absolutely trust and respect him.

As I have said before, this is a tough industry and more challenging than anything else I have ever encountered in my 39 years as an entrepreneur in different industries. On average 80% of startups failed within the first two years. Unfortunately, in the cryptocurrency world I would venture to say that over 90% will fail. Be very selective and invest with caution. If you pick the right investment candidate there is the potential for high returns, but there are no assurances that you will.

We are mindful of those risks at DNotes and have positioned ourselves very differently to minimize those risks so that we can maximize our potential for high returns. We believe that to be successful in this business we have to do many things well. Being able to do one or two things exceptionally well while performing poorly in others is not good enough to be successful in this industry.

We must all work well together as a group in pursuit of our common goal, in the most productive and respectful manner possible. In my opinion, the destructive conduct in many coin communities has been a major contributor to their struggle for survival. As a reminder, at DNotes, our first rule of engagement is “Do not engage.” We always investigate every situation promptly to determine the best course of action.

Let us move on to the next project. The launching of CRISP For Students.

This is an interesting article. I see this as a strong endorsement of digital currency than a threat. When would the Bank of England or our Central Bank be willing and able to kill the banks? That will not happen for many generations, if ever. Neither will digital currency completely replace fiat currency. While the bankers get even more confused by the day, let us stay the course and move on.

However, I am 100% in agreement with the headline:


Bitcoin revolution could be the next internet, says Bank of England

The Bank of England has unveiled analysis of cryptocurrencies like Bitcoin that suggests electronic money could cause a tectonic shift in the payments industry

By Peter Spence, Economics Correspondent
3:47PM GMT 25 Feb 2015

http://www.telegraph.co.uk/finance/currency/11434904/Bitcoin-revolution-could-be-the-next-internet-says-Bank-of-England.html


The arrival of electronic currencies could revolutionise the way Britons pay for goods and services, in much the same way as the internet shook up how we access information, the Bank of England has said.

Cashless forms of payment like the cryptocurrency Bitcoin “potentially combined with mobile technology, may reshape the mechanisms for making secure payments”, the central bank said.
While traditional currencies, including the pound, are backed by central banks, new alternatives have allowed individuals to exchange directly without any such third party.

The Bank could itself create digital currencies, making the new system available as it does with banknotes today. Research would be necessary to develop the technology “without compromising a central bank’s ability to control its currency and secure the system against systemic attack”, the Bank said.
The idea of countries launching their own electronic currencies has gained pace in recent weeks, as Yanis Varoufakis became Greece’s newest finance minister. The Greek-born economist has previously suggested that “the technology of Bitcoin, if suitably adapted, can be employed profitably in the eurozone as a weapon against deflation”.

Nonetheless, the costs could be outweighed by a wave of payments innovation, if the Bank were to issue its own digital currency. The Bank said: “Creating such a system would entail creating a protocol for value transfer over the internet, akin to what [Tim] Berners-Lee did for information.”

Ken Tindell, an independent technologist, said that if the Bank launched a parallel digital pound alongside banknotes, this could reduce the cost of remitting currency abroad. This “is a very costly affair with the existing players” he said.

The Bank said that it could investigate whether moving to digital currencies could threaten traditional banking models, as consumers moved towards holding electronic money themselves, rather than depositing it with high street lenders.

Mr Tindell said: “If the Bank were to create its own successful payments system then it would inevitably disrupt … existing inter-bank payments, but it would also affect companies like Western Union.”

The Bank’s comments were included with the launch of its One Bank Research Agenda, a new framework for conducting research. The Bank is looking at issues beyond its traditional scope, to see how monetary policy interacts with developments such as lengthening life spans and climate change.

Unveiling the new programme in London, Mark Carney, the Bank’s Governor, said: “Economies are complex, dynamic, and constantly evolving systems.”

“Policymakers need research to help understand these phenomena and to craft our responses,” he added.
The research agenda has been launched in the aftermath of the 2012 Stockton Review, which recommended that the Bank embrace a “more assertive and experienced staff”, that might be “capable of breaking the momentum of the house view”.

New technology has already “enabled the emergence of new business models, such as peer-to-peer lending and crowdfunding, which create alternative sources of finance for both individuals and businesses”, the Bank continued.

Welcome to DNotes waterpile. DNotes is still a very early stage investment opportunity and positioned for significant growth ahead. We have yet to be discovered and by choice maintained a low profile, perhaps not for too much longer. You might have missed the best opportunities but certainly not too late.

This is an interesting article. I see this as a strong endorsement of digital currency than a threat. When would the Bank of England or our Central Bank be willing and able to kill the banks? That will not happen for many generations, if ever. Neither will digital currency completely replace fiat currency. While the bankers get even more confused by the day, let us stay the course and move on.

However, I am 100% in agreement with the headline:



The Bank of England has unveiled analysis of cryptocurrencies like Bitcoin that suggests electronic money could cause a tectonic shift in the payments industry

By Peter Spence, Economics Correspondent
3:47PM GMT 25 Feb 2015

http://www.telegraph.co.uk/finance/currency/11434904/Bitcoin-revolution-could-be-the-next-internet-says-Bank-of-England.html


The arrival of electronic currencies could revolutionise the way Britons pay for goods and services, in much the same way as the internet shook up how we access information, the Bank of England has said.

Cashless forms of payment like the cryptocurrency Bitcoin “potentially combined with mobile technology, may reshape the mechanisms for making secure payments”, the central bank said.
While traditional currencies, including the pound, are backed by central banks, new alternatives have allowed individuals to exchange directly without any such third party.

The Bank could itself create digital currencies, making the new system available as it does with banknotes today. Research would be necessary to develop the technology “without compromising a central bank’s ability to control its currency and secure the system against systemic attack”, the Bank said.
The idea of countries launching their own electronic currencies has gained pace in recent weeks, as Yanis Varoufakis became Greece’s newest finance minister. The Greek-born economist has previously suggested that “the technology of Bitcoin, if suitably adapted, can be employed profitably in the eurozone as a weapon against deflation”.

Nonetheless, the costs could be outweighed by a wave of payments innovation, if the Bank were to issue its own digital currency. The Bank said: “Creating such a system would entail creating a protocol for value transfer over the internet, akin to what [Tim] Berners-Lee did for information.”

Ken Tindell, an independent technologist, said that if the Bank launched a parallel digital pound alongside banknotes, this could reduce the cost of remitting currency abroad. This “is a very costly affair with the existing players” he said.

The Bank said that it could investigate whether moving to digital currencies could threaten traditional banking models, as consumers moved towards holding electronic money themselves, rather than depositing it with high street lenders.

Mr Tindell said: “If the Bank were to create its own successful payments system then it would inevitably disrupt … existing inter-bank payments, but it would also affect companies like Western Union.”

The Bank’s comments were included with the launch of its One Bank Research Agenda, a new framework for conducting research. The Bank is looking at issues beyond its traditional scope, to see how monetary policy interacts with developments such as lengthening life spans and climate change.

Unveiling the new programme in London, Mark Carney, the Bank’s Governor, said: “Economies are complex, dynamic, and constantly evolving systems.”

“Policymakers need research to help understand these phenomena and to craft our responses,” he added.
The research agenda has been launched in the aftermath of the 2012 Stockton Review, which recommended that the Bank embrace a “more assertive and experienced staff”, that might be “capable of breaking the momentum of the house view”.

New technology has already “enabled the emergence of new business models, such as peer-to-peer lending and crowdfunding, which create alternative sources of finance for both individuals and businesses”, the Bank continued.

As long as you hang on tight to your newly mined DNotes you may have a chance to be a real millionaire soon than you think possible. We do allow for a freedom of dream. LOL

Good observation. However, that is how DNotes will continue to grow. What is most important is that we have developed a healthy growth path and will continue to expand it. There will be some growing pains but we are ready to take DNotes to the next level.